'Full steam ahead': Aussie shares close at record high

ASX is reaching new highs amid hopes of rate cuts. (Image: Getty)

Tue, 17 Sep 2024

By Derek RoseThe ASX200 rose 0.3% to close at its highest level before expected interest rate cuts by the US Federal Reserve.The Australian Securities Exchange's main benchmark has closed at its highest level amid hopes the Federal Reserve might opt for a double-sized interest rate cut in the US.The benchmark S&P/ASX200 index finished Monday up 21.7 points, or 0.27%, to 8,121.6, nearly seven points better than the previous all-time high on August 1.The broader All Ordinaries rose 17.6 points, or 0.21%, to 8,341.1."Everything is giv...

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